ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Unique And Potentially Profitable Business Ideas

Updated on August 11, 2019
Ladymermaid profile image

Mother of 2 daughters and grandmother of 6 I strive daily to achieve an optimum level of health and happiness. It is all about balance

Source

Is it Time For You to Go Out on Your Own?

The majority of us have a few skills that we have acquired throughout our years and also more than a little education to accompany them, when used correctly these basic qualities can be the basis for a profitable business venture. To start one's own business all that is really needed is a viable idea and a workable plan. Of course it is not as easy as that sounds there is also a lot of hard work, determination, and risk that go into operating your own business.

Check that there is a need for your product or service before you plot out your course of action. Having a strong entrepreneurial drive is important but awareness of current needs and a little extra available cash can definitely help when it comes to putting your business plans onto a pathway to financial success.

Provided here to help you find that niche business are a few suggestions, tips, and innovative employment ideas. If one of these concepts is a field you are interested in, knowledgable on, and most importantly willing to invest in then it may be time for you to bring out your entrepreneurial spirit.

Source

Food is Always in Demand

Food manufacturing, growth, and packaging are employment areas that will never go out of demand. We all consume food and this is something that will not change. What has changed is the need and desire for a more sustainable source of nutrition. The booming popularity of the plant based burger is a perfect example of innovation within the food industry.

Their is a strong shift to increasingly humane animal practices, vegetarian protein, organics, environmentally friendly food sourcing, and reduced plastics in packaging options. Climate change concerns and a new wave of health awareness are affecting how consumers are choosing which foods they will purchase. There are many areas of interest that a new food based business can take advantage of today.

  • Will you grow or produce food?
  • Will you enter into the restaurant industry?
  • Will you open a specialty food store or service?
  • Will you deliver ready made food?
  • Will you manufacture a food product such as mustard, jam, or pastries?
  • Will you create a new packaging method or material?
  • Will you design eco friendly bags, baskets or bins to replace current plastic ones?

The amount of space you have to operate your business and the degree of knowledge you have in this field will definitely help to shape which direction you move forward in. Alternative protein products can be a productive area to enter into.

  • Farm grasshoppers or mealworms for human consumption. They take up little space, are eco friendly, and an excellent alternative source of protein.
  • Manufacture a line of insect based protein products. These small creatures can be easily dried and ground into flour for baking. You can take advantage of a local market or a distant one.
  • Produce vegetable protein options. Our health conscious population is ready to reduce their meat consumption if a viable option is available. You could grow and supply a product to a manufacturer or become a manufacturer in this area. Within the farming, packaging, and manufacturing of plant based proteins there are many business concepts that a company can niche into.
  • Organic farming or food production: If a product is organic then it could be more appealing than an option that isn't.
  • Edible flowers?
  • Eco-friendly: Bamboo, wicker, cotton, linen, and hemp are alternative packaging options to plastic. Consumers need to package their purchases and are moving toward more environmentally friendly options making this an area of potential future growth.

How Independent Are You?

Have You Considered Starting Your Own Business?

See results

We Are an Aging Population

With the baby boomers retiring we are indeed an aging population and with this shift in dynamics comes new demands in senior care, services, housing, medical, travel and financial needs. This opens up a number of niche areas that a person can use to develop a business plan in.

  • Housekeeping
  • Yard maintenance and landscaping
  • Senior fitness instructor
  • In home care worker
  • Meal provider
  • Entertainment coordinator
  • Travel provider
  • Sale of senior related products ie: mobility aides, scooters, security devices.
  • Travel companion
  • Nutritional consultant

Where there is a need there is also a viable business opportunity. Seniors often downsize their home and move into small accommodations. That extra cash may be used for their future care, investment, travel, or simply to discover ways to enjoy the abundance of free time they now find themselves blessed with. Little luxuries, nutrition, fitness, security, care, and travel can be key areas of interest to seniors as they age.

Recycling Offers Numerous Business Opportunities

All that waste has to go somewhere. Used clothing, electronics, plastics, wood pallets, glass, and metals are an unlimited source of product to draw from. Recycling and the environment are hot topics today so a venture that includes this theme can have many interesting and potentially profitable venues to enter into. If you can acquire the material you need at little cost then the items you produce can have a healthy net gain for your company.

  • Recycling used clothing
  • Reselling used clothing
  • Used book store
  • Used record store
  • Recycling or repairing computers or other electronics
  • Reusing metals
  • Wood pallet recycling ie: Up-cycling the wood into fencing material or furniture.
  • Glass recycling: Transportation to recycling facilities or manufacture of new products.
  • Tire recycling
  • Up-cycling used items into creative new usable products or art.
  • Open a recycling facility and direct products to areas they can best be reused in

Source

Opening a Co-op Can be a Viable Option

There are many situations where getting together with a group of like minded individuals can be a great way to enter into your own business. You can act as a coordinator or director of the operation. You provide the space and advertising and your participants provide the product.

  • Co-op of artists
  • Farmers market
  • Flea market
  • Craft market

Featuring local artists, produce, or products can be a great selling feature for any business.


There Are Many Qualities Which Dictate the Employment We Do

How Independent Are You?

See results

You Can Choose to Provide a Service

Use your current skills to earn extra cash. It may be time to tap into the education and experience that you have garnered throughout the years. If you have held a job then you have picked up a few skills that have some degree of value to them. What talents do you possess that could provide a service to others?

  • Bookkeeper
  • Hairdresser
  • Housecleaner
  • Fitness Instructor
  • Nutritional Consultant
  • Dog sitter or walker
  • Pet groomer
  • Photographer
  • Dance Instructor
  • Wedding planner or event coordinator

Where there is a want or need there is an opportunity to open a business to fulfill that requirement. You can start out small, part time or full time. It is entirely up to you the commitment you want to make to your business venture. Discover your niche, then be innovative, creative, and resilient.

This content is accurate and true to the best of the author’s knowledge and is not meant to substitute for formal and individualized advice from a qualified professional.

© 2019 Lorelei Cohen

Could You Be an Entrepreneur?

    0 of 8192 characters used
    Post Comment
    • Ladymermaid profile imageAUTHOR

      Lorelei Cohen 

      7 days ago from Canada

      Doris you are absolutely correct in that not everyone has the temperament to be an entrepreneur. There can be a fair amount of risk and stress involved so many individuals are far happier working for someone else rather than operating their own business.

    • MizBejabbers profile image

      Doris James MizBejabbers 

      7 days ago from Beautiful South

      This is a very well-written and informative article for those who want to go into business for themselves. Having had two careers in the arts and language-type field, I've never enjoyed the business end. I was never so miserable as when I helped my husband run a service company. But I see great opportunities for those who do value their independence in those you've listed here, especially the food and other service industries.

    • Ladymermaid profile imageAUTHOR

      Lorelei Cohen 

      7 days ago from Canada

      Flourish I am so happy to hear of that great venue opening up for your brother. There are so many current financial opportunities in recycling and environmental protections that often come with an exceptionally low start up or operating cost.

    • FlourishAnyway profile image

      FlourishAnyway 

      7 days ago from USA

      My brother has discovered a niche where he can buy huge quantities of metal machinery for pennies on the dollar then either use it or recycle it for profit. He has recently quit his job to start a new business so we will see. He always ends up smelling like s rose.

    • sharonbellis profile image

      Sharon Bellissimo 

      8 days ago from Toronto, Ontario, Canada

      Great ideas here. I especially like the the eco friendly and food related businesses.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
    ClickscoThis is a data management platform studying reader behavior (Privacy Policy)